Saunders Corp

question 2

Multiple Choice

Saunders Corp., which accounts for inventory using the LIFO method, had 2,000 units in beginning inventory at a cost of $40 and had purchased 500 more for $43.During the quarter, 1,300 units were sold.It is expected that the ending inventory at year end will be 1,800 units as Saunders anticipates purchasing additional units for $45.The debit to cost of goods sold for the quarter would be:

• A)​$53,500
• B)​$56,500
• C)​$55,000
• D)​$58,500

Explain the concept of crowdsourcing and its significance.

Understand the role of algorithms in personalizing social media content.

Understand the components and infrastructure of the social media value chain.

Identify different strategies for monetization and their reliance on user engagement.

---

Definitions:

Over-The-Counter Market

A decentralized market where securities not listed on major stock exchanges are traded directly between parties.

Dealers

Individuals or firms in the financial markets that act as principals in trading, buying, and selling securities for their own account.

Third Market

Trading venue for exchange-listed stocks that occurs off the official exchange, often involving large institutional investors through over-the-counter (OTC) transactions.

Fourth Market

Trading of securities directly between investors, bypassing traditional brokerage and exchange platforms.